Do travel perks count as a “bona fide” benefit?
Believe it or not, the Department of Labor does address this question - and the answer is no. The fringe benefit [...]
How do the terms of an employee benefits plan need to be communicated?
One of the provisions specified by the Department of Labor (and applicable to all prevailing wage contractors) is that "the [...]
If my employee contributes to the employee benefits, are they still “bona fide”?
Yes!"Bona fide" benefits, including those for prevailing wage, may be either contractor-financed or a joint contractor-employee contributory plan.
Are contributions to a “bona fide” employee benefit plan mandatory?
Participation can be mandatory so long as prevailing wage fringe money is enough to cover the cost. In the event [...]
What if my plan isn’t “bona fide”?
Regardless of whether you are doing federal davis-bacon prevailing wage, or state prevailing wage, failure to provide employees "bona fide" [...]
Do prevailing wages also need to be “bona fide”?
No. The term "bona fide" does not refer to the cash (or wage) component of the prevailing wage rate determination
Can I control my own plan and still have it be “bona fide”?
It depends. To know for certain, you should seek competent legal advice.
Does “bona fide” really matter that much?
Yes! Failure to provide "bona fide" benefits can result in compliance issues with a variety of Federal and State Agencies.
How do I know if my plan is “bona fide”
If your benefits plan does not meet the requirements per the Davis-Bacon and Related Acts, then there is a possibility [...]
What does “bona fide” mean?
A key to reducing fraud and safeguarding employees, the term “bona fide” appears quite often in the Davis Bacon [...]